Posts Tagged ‘Norway Royal Salmon’
Aker Solutions signs up to offshore project
Aker Solutions has signed a contract with Arctic Offshore Farming, a subsidiary of Norway Royal Salmon, to help deliver an ambitious ocean-based fish farm project. The contract is worth NOK 40 million (£3.4 million). Aker Solutions says it has identified fish farming as a market with several interesting prospects and, together with NRS, it has…
Read MoreArctic Offshore project secures state funding
Norway Royal Salmon is to receive NOK 800 million (£68m) in state guarantees from towards the construction of its futuristic offshore submersible fish farm and hatchery, Arctic Offshore Farming. The loan assurance has come from the Guarantee Institute for Export Credit, commonly known in Norway as Giek, an organisation which reduces the risk for businesses…
Read MoreNorway Royal Salmon share deal paves way for Iceland tie-up
A larger and more powerful Icelandic salmon farming operation looks set to emerge following a financial restructuring in Oslo. The Norwegian transport and aquaculture services group NTS is increasing its stake in Norway Royal Salmon (NRS) after selling its shares in the company which owns the Icelandic salmon farmer Ice Fish Farm. In return, the…
Read MoreNorway Royal Salmon, MNH call off merger talks
Merger talks between two of Norway’s leading salmon farming companies have been called off. In a surprise Oslo Stock Exchange announcement at the weekend Norway Royal Salmon and NTS subsidiary Midt Norsk Havbruk (MNH) said negotiations had been abandoned and they would continue as two separate businesses. Discussions began little more than a month ago…
Read MoreMarkdown on shares hits NTS earnings for 2020
The large shipping and aquaculture services group NTS ASA has unveiled a pre-tax loss of NOK 74 million (£6.1 million), compared with a profit of almost NOK 2 million a year ago. Profits for the third quarter of this year were, however, significantly up on the same period for 2019. The pre-tax loss for 2020…
Read MoreMajor salmon merger looms?
A mega-marriage between two, possibly three, fish farming companies could be on the cards. Norway Royal Salmon and Midt-Norsk Havbruk have confirmed reports that the two companies are talking about a merger, with a possible third as yet unannounced company becoming involved. Rumours have been circulating for some time and now the disclosure has set…
Read MoreNRS reports Q2 EBIT increase
Norway Royal Salmon (NRS) today announced an increased operational EBIT (earnings before interest and tax) of 120 million Norwegian kroner (NOK) (£10.2 million) during the second quarter of this year. The figure for Q2 2019 was NOK 113 million (£9.6 million). But as with every other salmon producer, Covid-19 continues to affect financial results. NRS…
Read MoreNorway hit by more ISA cases
TWO more suspected outbreaks of Infectious Salmon Anaemia (ISA) have been reported at fish farms in northern Norway, bringing the total cases to at least five since May. The first of the latest incidents is at Kleiva Fiskefarm and Gratanglaks AS in Troms and Finnmark county. The Norwegian Food Safety Authority said it plans an…
Read MoreRoyal still flush in Q1 results
COVID 19 has so far failed to take a toll on the first quarter financial performance of Norway Royal Salmon (NRS), one of the world’s major fish farmers. The company today reported that its EBIT or operating profit had more than halved to 75 million kroner (£5.9 million), thought to be due to higher costs..…
Read MoreAll aboard the \’Salmon Express\’
THE train has started to take the strain in moving salmon and other seafood from Norway into key European markets. A new direct service opened up this weekend from the northern port of Narvik to the southern Swedish city of Malmo where the fish is loaded onto refrigerated lorries for onward distribution to processing facilities…
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